Gabo Mining Ltd V.MDL

Sedar- March 1st- Financials and MD&A

[gnote1]

Interesting!  

On July 23, 2021, the Company signed a non-binding letter of intent (“LOI”) with an Australian private company, ACDC Metals Pty Ltd (“ACDC”) to permit ACDC to utilize Medallion’s proprietary Medallion Monazite Process to extract rare earth elements from monazite exclusively in southeastern Australia. The LOI outlines various terms and conditions that will form the basis of a binding contract, subject to mutual due diligence and provides ACDC with the exclusive right to construct a mineral sand monazite refinery in southeastern Australia utilizing the Medallion Monazite Process as well as the right to sub-license the LAD Chromatography process for REE separation. Medallion received a significant allocation of pre-initial public offering (“IPO”) shares of ACDC, and transferable rights to contribute funding to ACDC at seed investment and IPO financing stages. The investment was classified as FVTPL, and realized and unrealized gains and losses arising from changes in the fair value will be included in the statement of loss and comprehensive loss in the period in which they arise. ACDC shares are privately held, cost is $31,746, and have a fair value of $441,840 based on the private placement ACDC completed in December 2021.

[PipinoCuevas]

This post has been removed in accordance with Community Policy

[nek]

NEXT YEAR....are you kidding... or do you mean month end??? you sound like Mark S Does that make it interesting?...I think not. What about all the work that has been done so far? LOL

[PipinoCuevas]

This post has been removed in accordance with Community Policy